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A Freehold Ground Rent Investment Secured on Twenty Self-Contained Flats. Each Flat is Let on a Peppercorn. The Freeholder as the Rights to Manage and Insure.
The property comprises a ground rent investment secured upon twenty self-contained flats within a mid terrace building arranged over ground and two upper floors.
Freehold. Each flats has approximately 106 years unexpired on the lease.
The property is situated on a predominantly residential road in Liverpool close to local shops and amenities. The open spaces of St. John's Gardens are within easy reach. Transport links are provided by Liverpool Lime Street rail station.
20 self-contained flats all sold off on leases for a term of 125 years (less 14 days) from 13.11.2000.
S5(b) Notices have been served under the Landlord & Tenant Act 1987 and the leaseholders have not reserved their rights. The landlord has the right to manage and insure the building. We also understand from the vendor that there is potential to create a car parking space in the basement car park to let or sell for a premium on a long lease (subject to all requisite consents). Furthermore, there is potential to generate income from part of the basement over which leaseholders do not have rights for the purpose of storage (subject to requisite consents).
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Administration Charge - Purchasers will be required to pay an administration fee of £1,200 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.